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Mechanism Mining of International Comparison: Why ICP is Possible

Mechanism Mining of International Comparison: Why ICP is Possible

Paperback

Economics

ISBN10: 1631815954
ISBN13: 9781631815959
Publisher: American Academic Press
Published: Mar 25 2026
Pages: 244
Weight: 1.27
Height: 0.51 Width: 8.50 Depth: 11.00
Language: English

The comparison between international purchasing power and real GDP is very important to the judgment of national power and is the main content of national economic statistics. Although the ICP has experienced more than 50 years, its methodological research should continue. This book gives the research pattern, namely ICP logic diagram, and puts forward more than 50 methodological issues to be considered. The pure price ratio assumption and equal price ratio assumption and their impact on the ICP data results are analyzed. It also reviews the important literatures on the recent ICP, especially pointing out that the ICP data results have the measurement risk of anti-basic facts. This book traces back to Ryten Report and explores the principles of spatial economic comparison and the corresponding basic concepts of economics.

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Economics